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Oracle 1Z0-1059-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2020 Implementation Essentials |
| Exam Number: | 1Z0-1059-20 |
| Exam Duration: | 85 minutes |
| Exam Format: | Multiple Choice, Multiple Response |
| Available Languages: | English (US) |
| Exam Price: | 150 USD |
| Certificate Validity Period: | Until product version retirement |
| Related Certifications: | Oracle Cloud ERP Oracle Financials Cloud |
| Passing Score: | 64% |
| Real Exam Qty: | 55 |
| Recommended Training: | Oracle Revenue Management Cloud Implementation Training |
| Exam Registration: | Oracle Education Pearson VUE Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or in-person at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; hands-on experience with Oracle Cloud Financials and revenue recognition processes recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-revenue-management-cloud-service-2020-implementation-essentials/pexam_1Z0-1059-20 |
Oracle 1Z0-1059-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Contracts and Performance Obligations | 22% | - Process contract modifications and contingencies - Define and manage performance obligations - Identify customer contracts and manage contract rules |
| Topic 2: Setup and Configuration | 28% | - Configure revenue management options and profile values - Define system and application setup requirements - Set up accounting rules and ledger integration |
| Topic 3: Revenue Management Overview and Principles | 20% | - Describe Revenue Management Cloud architecture and components - Explain core revenue recognition standards (ASC 606, IFRS 15) |
| Topic 4: Standalone Selling Prices | 18% | - Apply allocation methods for transaction pricing - Define and configure SSP profiles - Manage observed, estimated, and fallback SSP methods |
| Topic 5: Integration and Reporting | 12% | - Use delivered reports and OTBI analytics - Explain integration requirements with Oracle Cloud ERP and third-party systems - Create custom reporting objects |
1Z0-1059-20 Study Material: Answers
The Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam requires a score of 64% to pass, and the official registration fee is 150 USD. Knowing these numbers in advance keeps your planning honest.
Each round of the 1Z0-1059-20 question bank starts from the official exam objectives: experts map the syllabus, draft questions to cover it with precision, and review the result before release. When new exam points appear, the bank is updated accordingly — deliberate coverage, not guesswork.
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The Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam contains 55 questions, and you will have 85 minutes minutes to complete them. Practicing under the same constraints makes exam-day pacing feel rehearsed.
No mandatory prerequisites; hands-on experience with Oracle Cloud Financials and revenue recognition processes recommended
You can confirm the current eligibility requirements on the official 1Z0-1059-20 exam page before you register.
Many candidates combine practice questions with official training. Recommended options include:
This package includes 73 practice questions for the Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam. Every answer is verified by an experienced team of experts, so you can trust what you study.
You can register for the Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam through the official channels:
The Oracle Revenue Management Cloud Service 2020 Implementation Essentials practice questions are organized around the official exam objectives. Key topics include:
- Integration and Reporting (12%)
- Standalone Selling Prices (18%)
- Setup and Configuration (28%)
Syllabus-driven coverage means no wasted practice on irrelevant material.
Oracle Revenue Management Cloud Service 2020 Implementation Essentials Sample Questions:
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
- A. The contract is missing Billing data.
- B. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- C. The contract is missing satisfaction events.
- D. The total Transaction Price is over the user-defined threshold amount.
Correct Answer: D 🗳️
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In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?
- A. Close the previous period.
- B. Review the calculated OSSP.
- C. Approve the OSSP by establishing it.
- D. Run the Calculate Observed Standalone Selling Prices program.
- E. Run Create Accounting.
- F. Categorize standalone sales by performance obligation.
Correct Answer: D,F 🗳️
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a revision or correction to the estimate of variable consideration made at inception
- C. a change (modification) to the contract data
- D. a change to the contract caused by negotiation with the customer
Correct Answer: D 🗳️
Which is a term under ASC 606 or IFRS 15?
- A. initial performance event
- B. promise detail
- C. requires complete
- D. transaction price
Correct Answer: D 🗳️
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
- B. your debt to customers for goods and services you are obliged to deliver to them by either party acting
- C. Unearned Revenue
- D. your invoiced goods and services less those goods and services that you have not yet delivered
Correct Answer: B 🗳️
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